The Financial Times Highlights The Canary Islands as a Best Investment Attraction

Canary Islands

by Buzzers 838 Views comments

The influential financial newspaper Financial Times , in its European Regions of the Future ranking, identifies the Canary Islands as the tenth region in Europe in investment attraction strategy.

In the same study, it proves that the Canary Islands are the fourth region in Europe with the best connectivity among almost 400 different places. Ahead are Amsterdam, Zurich and Rotterdam; behind, Brabant, Copenhagen, Hamburg, Stockholm, the Basque Country or Berlin. The archipelago, after Madrid and Barcelona, appears as the best connected region in Spain as it operates all year round , with a high volume of traffic. In this way, it is shown that air connectivity is a factor traditionally associated with tourism that, at the same time, has direct repercussions as an attractiveness for investment.

The islands are also the place that has grown the most in Spain in high-tech services in the last 10 years, increasing employment in that sector by 84%. Within Europe, in the same period, it has been the 27th zone that has grown the most out of almost 400.

The Minister of Economy, Knowledge and Employment of the Government of the Canary Islands, Elena Máñez, stated that the fact that a media outlet as reputable as the Financial Times "places our work in the top 10 of all the regions studied is a real incentive for to continue advancing in the improvement of our investment attraction strategies. The exhaustive work carried out by companies such as Proexca and consortiums such as the ZEC contribute to achievements such as the volume of foreign investment that occurred in 2021, of 234.4 million euros, 530% more, with the creation of more than 1,860 jobs in strategic sectors aligned with the 2030 Agenda, such as audiovisual, startups, biotechnology, the environment and the marine and maritime sector. In addition, everything is the result of the annual work in the study of potential markets.

According to the president of the Canary Islands Special Zone (ZEC), Pablo Hernández, "Canarias is the community that has grown the most in Spain in the technology sector in the last five years", according to Eurostat data, with 62% growth in job". They are followed by Murcia and Navarra, with 57% and 59%, respectively. Madrid grows 0.17% and Catalonia 10%. In Europe, the Canary Islands rank, according to the same source, in 8th place out of almost 400.

Comments